Teck Resources - TECK Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TECK shares.
View TECK analyst ratings or view top-rated stocks.

12 Wall Street analysts have issued 1-year price targets for Teck Resources' stock. Their TECK share price forecasts range from $42.00 to $75.00. On average, they anticipate the company's stock price to reach $56.19 in the next twelve months. This suggests a possible upside of 55.3% from the stock's current price.
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Teck Resources' stock was trading at $37.82 at the start of the year. Since then, TECK shares have decreased by 4.3% and is now trading at $36.19.
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Teck Resources saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 44,920,000 shares, an increase of 128.6% from the February 28th total of 19,650,000 shares. Based on an average daily volume of 3,870,000 shares, the days-to-cover ratio is presently 11.6 days. Approximately 8.9% of the company's stock are short sold.
View Teck Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our TECK earnings forecast.

Teck Resources will be holding an earnings conference call on Wednesday, April 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Teck Resources Limited (NYSE:TECK) announced its earnings results on Wednesday, October, 27th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.40. The basic materials company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.63 billion. Teck Resources had a net margin of 18.05% and a trailing twelve-month return on equity of 18.76%. The firm's revenue for the quarter was up 73.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share.

Teck Resources declared a quarterly dividend on Tuesday, February 21st. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.094 per share on Friday, March 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.09.
Read our dividend analysis for TECK.

ETFs with the largest weight of Teck Resources (NYSE:TECK) stock in their portfolio include VanEck Green Metals ETF (GMET), Davis Select International ETF (DINT), Optica Rare Earths & Critical Materials ETF (CRIT), Global X Copper Miners ETF (COPX), Davis Select Worldwide ETF (DWLD), SPDR S&P North American Natural Resources ETF (NANR), Davis Select U.S. Equity ETF (DUSA) and KraneShares Global Carbon Transformation ETF (KGHG).

Teck Resources (NYSE:TECK) pays an annual dividend of $0.37 per share and currently has a dividend yield of 1.04%. The dividend payout ratio is 7.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECK will have a dividend payout ratio of 7.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECK.

Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).

Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."

Teck Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include Davis Selected Advisers (2.57%), Egerton Capital UK LLP (2.25%), Soroban Capital Partners LP (2.19%), Norges Bank (1.52%), Dimensional Fund Advisors LP (1.27%) and Arrowstreet Capital Limited Partnership (1.19%).

Shares of TECK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TECK stock can currently be purchased for approximately $36.19.

Teck Resources (NYSE:TECK) has a market capitalization of $18.33 billion and generates $13.32 billion in revenue each year. The basic materials company earns $2.55 billion in net income (profit) each year or $4.78 on an earnings per share basis.

The company employs 12,100 workers across the globe.

Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The official website for the company is www.teck.com. The basic materials company can be reached via phone at (604) 699-4000, via email at investors@teck.com, or via fax at 604-699-4750.